Cryptocurrency
Turkey Blocks Bank Accounts of a Crypto Exchange Even as It Hunts for the CEO of Another
Turkey Blocks Bank Accounts of a Crypto Exchange Even as It Hunts for the CEO of Another April has not been a kind month to crypto in Turkey. Reported by CoinDesk.com “Turkish authorities blocked all onshore bank accounts of cryptocurrency exchange platform in the country, the state-run Anadolu news agency said. The action late Friday […]
By CJ Reichel · April 25, 2021
Turkey Blocks Bank Accounts of a Crypto Exchange Even as It Hunts for the CEO of Another
April has not been a kind month to crypto in Turkey.
Reported by CoinDesk.com
“Turkish authorities blocked all onshore bank accounts of cryptocurrency exchange platform in the country, the state-run Anadolu news agency said.
- The action late Friday came after crypto exchange Vebitcoin announced that it stopped all of its activities citing financial strains, Anadolu said.
- The Turkish Financial Crimes Investigation Board has launched an investigation of the exchange and its managers, the state-controlled agency said.
- The move against Vebitcoin comes a day after the agency reported police detained 62 people in connection with criminal complaints filed against crypto exchange Thodex.
- The Thodex crypto exchange went offline April 18 with its CEO subsequently going missing, fleeing the country according to reports. Users have reportedly filed a complaint alleging hundreds of millions of dollars have been stolen, Anadolu reported.”
Read the full article at CoinDesk.com